GCS Holdings, Inc. · TPEX:4991
GCS — Q2 2016 Earnings Presentation
21 slides from GCS's earnings presentation, Aug 2, 2016
Slide 1: Q2 2016 Quarterly Online Investor Conference
環宇 芯系天下 March 3, 2016 Q2 2016 Quarterly Online Investor Conference (線上法說會) Aug 2, 2016
Slide 2: Disclaimer Statement
Disclaimer Statement This presentation includes forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that GCS Holdings, Inc. expects or anticipates will or may occur in the future (including but not limited to projecti
Slide 3: Agenda
Agenda Opening: Brian Ann, CEO & President Financial Section: Grace Li, Director & Special Assistant to CEO Market Overview: Simon Yu, Senior VP and General Manager, Worldwide Sales & Marketing and Component Business Q&A: All 2
Slide 4: Financial Section
FINANCIAL SECTION 3
Slide 5: Statements of Comprehensive Income - QoQ
Statements of Comprehensive Income - QoQ (in NT$ thousands except EPS) 2Q16 2Q16 2Q16 1Q16 2Q15 Over Over 1Q16 2Q15 Net Operating Revenue 481,273 463,785 406,083 3.8% 18.5% Gross Profit 194,426 233,853 159,941 -16.9% 21.6% Gross Margin 40.4% 50.4% 39.4% Operating Expenses (120,896) (142,457) (91,766
Slide 6: Non-operating Income and Expenses - QoQ
Non-operating Income and Expenses- QoQ (in NT$ thousands) 2Q16 2Q16 2Q16 1Q16 2Q15 Over Over 1Q16 2Q15 Other Income 1,064 523 323 103.4% 229.4% Other Gains and Losses Net Gain or (losses) on financial liabilities at fair value 10,202 (56,070) (12,775) -118.2% -179.9% through profit or loss Net curre
Slide 7: Statements of Comprehensive Income – YoY
Statements of Comprehensive Income – YoY (in NT$ thousands except EPS) 2016 2015 % % Change (%) Jan to June Jan to June Net Operating Revenue 945,058 100.0% 763,331 100.0% 23.8% Operating Cost (516,779) -54.7% (470,688) -61.7% 9.8% Gross Profit 428,279 45.3% 292,643 38.3% 46.3% Operating Expenses (2
Slide 8: Balance Sheet Highlight & Key Indices
Balance Sheet Highlight & Key Indices Selected Items from Balance Sheet (in NT$ thousands) 2Q16 1Q16 2Q15 Amount % Amount % Amount % Cash and Cash Equivalent 1,290,712 46% 1,258,482 46% 1,190,862 55% Available-for-Sale Financial Assets-Current 41,668 2% - - - - Accounts Receivable 267,013 9% 234,699
Slide 9: Cash Flows
Cash Flows (in NT$ thousands) 2Q16 1Q16 2Q15 Beginning Balance 1,258,482 1,237,513 569,298 Cash from operating activities 43,166 71,307 63,283 Acquisition of property, plant and equipment (45,266) (35,539) (33,478) Acquisition of available-for-sale financial assets - - (7,795) Proceeds from the sale
Slide 10: Revenue Product Mix % - QoQ
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Revenue Product Mix % - QoQ 1Q 2015 2Q 2015 3Q 2015 @ RF @ Opto 4Q 2015 1Q 2016 2Q 2016
Slide 11: Revenue Mix (K USD) vs Gross Margin
Revenue Mix (K USD) vs Gross Margin 10
Slide 12: Market Overview
MARKET OVERVIEW 11
Slide 13: Market Outlook
Market Outlook - Q3: PON and LTE market start recovery but slow - 4G user: China Q12016 – 530 millions, Europe+US – 390 Millions - 全球移动数据收入:2015-3860亿美元2020-6300亿美元 (Parks Associates) (2020 -全球5G消费者用户总量将增加至1720万) May 2016 – China Mobile: 1.3M TD-LTE base stations, 400M users - 5G –不再是纸上谈兵, “从4G到5G,
Slide 14: 5G Application Space
5G Application Space “Scalable across extreme variation of requirements.” Source: Qualcomm GCS Confidential 13 13
Slide 15: 5G will do whatever and whenever you want it to do!
5G will do whatever and whenever you want it to do! ~7 B mobile devices in use in 2030. 45 B+ OTHER devices! Smart Cities Autonomous Smart Grid Vehicles Wearables & Traffic Control Sensors Low-latency V2V / V2X Cloud Gaming Medical Monitoring 5G Object Tracking Telesurgery Low-rate, Latency- Dis
Slide 16: Future Demands
Future Demands Mobile phones nearing saturation today. ~2 B per year. Other applicationshold great potential under the advent of 5G: 3+ BU per year total? – M2M/low cost IoT: Low cost, low BoM, low rate, latency tolerant. – mHealth: Low latency, highly secure, reliable. 1+ B elderly. – V2V, V2X,
Slide 17: 2015 Total RF GaAs Device Market
2015 Total RF GaAs Device Market Pure-play foundry:21.3% 9.3% growth Pure-play foundry: 58.3% Pure-play foundry – $650M (16.6% growth) GCS Confidential 16 16
Slide 18: 2015 Total RF GaAs Pure-play Foundry Market
2015 Total RF GaAs Pure-play Foundry Market GCS Confidential 17 17
Slide 19: Applications & Markets
Applications & Markets RF & Power Electronics Optoelectronics RFIC、HEMT、pHEMT、HBT, PD, APD, VCSEL, FP/DFB LD, 40G InP HBT, GaN/Si、GaN/SiC、 Photonic Integrated Circuits, SiC… 2D Image Sensors …… 100G 400G Wireless Consumer Power Data Fiber Optical （mobile + / Electronics Centers Network Infrastructur
Slide 20: Q&A
Qk&A 19
Slide 21: For further inquiry
環宇芯系天下 For further inquiry investors@gcsincorp.com 20